XAUUSD History will Repeat Itself.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan.
FROM MY PREVIOUS ANALYSIS WE SAW THE EXPLAINED DIRECTIONAL MOVES AFTER THE H&S FORMATION , NOW LOOK HOW MUCH FALL HAS HAPPENED AND HOW MUCH MORE FALL WILL OCCUR
A definite upward trend.
Gold continues its price correction after tens of percent increase, we are on our way to support area at $ 1480-1485
Ideal entry price: $ 1485
Direction: Long
Target: 1533
XAUUSD is expected to drop to 1st support at 1494.40 where it could potentially react off and up to 1st resistance at 1528.88.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAUUSD bounced off 1494.40 where it could potentially rise further to 1528.88.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAUUSD is expected to drop to 1st support at 1494.40 where it could potentially react off and up to 1st resistance at 1528.88.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
From the beginning of August, the $ 1479 to $ 1533 range, breaking above or below these support and resistance lines will accelerate the gold in the same direction.
A definite upward trend.
The question is not whether gold will continue to rise, the question is where the target.
Target: 1720
XAUUSD bounced off its support at 1450.16 where it could potentially rise further to 1509.21.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAUUSD is approaching its resistance at 1473.93 where it is could reverse down to its support at 1452.11.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Gold continues its rise and today it breaks the resistance of the 50% Fibonacci retracement and advances to the next line found in 1530.
The uncertainty in the markets + the impose 10% tariffs on $ 300 billion of Chinese imports, + the declines in the indexes, all just reinforces the continued rise in gold.
Target: 1530.
